Malaysian Airlines to Cut Jobs and Routes in Restructuring
Malaysian sovereign wealth fund Kazanah is trying to rescue MAS with a $1.9 billion capital injection and comprehensive restructuring.

Malaysian Airlines (MAS) is to lay off just over 30 percent of its workforce in a restructuring that will see it brought under the full ownership of state-backed sovereign wealth fund Kazanah Nasional Berhad. Approximately 6,000 of the flagcarrier’s 19,500 workers will lose their jobs as part of a plan that will result in the removal of many long-haul routes from the network, with MAS focusing mainly on services within Asia. Kazanah is to inject approximately $1.9 billion in fresh capital to bolster the airline’s balance sheet.